Duke Energy Progress
Coverage of Duke Energy Progress in the Nexus archive.
- NC AG Jackson rejects Duke Energy’s proposed rate increase
North Carolina Attorney General Jeff Jackson rejected Duke Energy's proposed 9.5% residential rate increase over two years, arguing it still overcharges consumers. Governor Josh Stein also criticized the settlement, urging data centers to cover their electricity costs. Duke Energy claims the increase is necessary for infrastructure investments, but the deal requires approval from the North Carolina Utilities Commission.
- Duke Energy Carolinas lowers rate hike request from 11.6%
Duke Energy Carolinas reduced its requested rate increase to 3.7% over two years after a settlement with Public Staff and consumer advocacy groups. The adjustment includes lowering the utility's return on equity by 11% and removing $173.2 million in large-load interconnection projects from the current rate case, with potential refunds for customers if infrastructure delays occur. The settlement also establishes a framework for handling large energy users and requires quarterly project updates.
- AG Jeff Jackson seeks to block nearly $1B in Duke Energy rate hikes over the next 2 years
Attorney General Jeff Jackson is challenging Duke Energy Progress' proposed 15% rate increase, claiming it would impose $960 million in unnecessary charges on customers over the next two years.
- Duke University’s Jackson Ewing on a massive merger between NC’s two largest electricity providers
Regulatory commissions in North and South Carolina approved a merger between Duke Energy Carolinas and Duke Energy Progress, two major electricity providers in the region. The merger occurs amid industry consolidation, with NextEra Energy also acquiring Dominion Energy, which serves parts of northeastern North Carolina. Duke University’s Jackson Ewing discussed the implications of these developments with Newsline.